NISM Series (I) Currency Derivatives Examination Test-1

May 11, 2021May 11, 2021 Vinay Bhandari 0 Comments currency mock test, currency mock test derivative, forex trading, Mock Test NISM Series VIII Equity Derivatives Certification Exam, nism, nism centres, nism currency, nism currency certificate, nism derivative, nism forex, Nism modal papers, nism test papers, Nism test questions

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Created on May 11, 2021

Free Mock Test NISM Currency Derivatives -Test-1

NISM Series (I) Currency Derivatives Examination Pattern
Exam Fees	Rs. 1500 +
Test Duration	2 Hours (120 Minutes)
Total Questions	100 Questions
Maximum Marks	100 marks
Passing Marks	60% (60 Marks)
Negative Marking	– 25% of the marks assigned to the question

1 / 10

Which of the following organisations issues guidelines for accounting of currency futures contracts?

ICAI

IRDA

SEBI

RBI

2 / 10

Which of the following segments of market participants are not allowed to trade in currency futures?

FII

Trusts

NRIs

3 / 10

The exposure of the banks, on their own account, in the currency futures market shall form part of their net open position (NOP) limits.

True

False

4 / 10

What is the standard settlement convention for foreign exchange spot traders?

(T + 3) days

(T + 2) days

5 / 10

If an order to buy sell is limited by fixed price it is called Limit order.

False

True

6 / 10

The proper size of the hedging position in basic approach is

Partial Hedge

Equal Hedge

7 / 10

When the exchange of currencies takes place on the next working day, it is known as

Tom

Spot

8 / 10

Which term best describes EUR currency?

Currency floating

Free floating

9 / 10

The amount of asset that has to be delivered under one contract is the

Asset size

Contract size

10 / 10

US dollar is widely used as ‘vehicle currency’ in foreign exchange transactions.

Yes

Your score is

The average score is 58%

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